3141 N 37th St Street, Phoenix, AZ 85018 (MLS# 7045894)

3141 N 37th St Street, Phoenix, AZ 85018

$3,340,000

Property Type: Multiple Dwellings Status: Active

Current Price: $3,340,000 Last Modified: 6/24/2026

Overview

Description

Built in 1967 and renovated in 2019, Villa Siena is entirely comprised of two-bedroom, one-bathroom floorplans. The clean, modernized interiors have been renovated with stainless steel appliances, quartz countertops, new shaker cabinets, wood-style vinyl flooring, and in-suite individual washers and dryers. Each unit also features a spacious private backyard and two tandem covered parking spots offering each resident direct access to their adjacent unit. Future ownership has the opportunity of capitalizing on the ability to acquire a turn-key asset in a top-tier location at a basis significantly lower than the relevant comp-set.

Supplements: 14-units | All include private back yards, in-suite laundry and direct access tandem covered carports.

Listing Details MLS# 7045894

Location, Tax & Legal

House Number: 3141
Compass: N
Street Name: 37th St
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85018
Country: US
County Code: Maricopa
Assessor Number: 127-23-048
Tax Year: 2025
Assessor's Map #: 23
Assessor's Parcel #: 48
Add'l Parcels: No
Tax Municipality: Phoenix
Taxes: 7885.4
Legal: CITRUS ACRES LOTS 1 THRU 20. Lot 51
Marketing Name: Villa Siena

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 38,650 SF
Year Built: 1967
Uncvrd Parking Spcs: 6
Total # of Units: 14
# of Buildings: 6
Zoning: R-3
Flood Zone: No

Legal Info

Lot Number: 51

Income Expenses

Gross Annual Sch Inc: 239400
Net Operating Income: 167068

More Information

Showing Notification Methods

Showing Service: No Showing Service Used
Text: Yes

2 Bedroom Units

# 2 Bedroom Units: 14
Avg Rent: 1384.43
Avg SqFt: 850
# Baths: 14

Project Type

13 - 24 Units: Yes

Construction

Block: Yes

Const - Finish

Painted: Yes

Roofing

Other: Yes

Floors

Tile: Yes
Vinyl: Yes

Sale Includes

Land & Building: Yes
Laundry Equipment: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 7885.4
Other Income: 1610
Vacancy Allowance: 0.05
Adjusted Gross Inc: 228959.5

Pmt & Rate Info

Cap Rate: 5
Equity: 3340000
Down Payment %: 40
Monthly Payments: 11670
Total Owed: 0

Lockbox Type

None: Yes

Community Features

No Pool: Yes

Heating

Electric: Yes
Individual: Yes
Central: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Electric: Yes
Individual: Yes

Exterior Amenities

Desert Landscaping: Yes
Patio/Balcony: Yes

Tenant Pays

Electricity: Yes

Appliances Included

Dishwasher: Yes
Microwave: Yes
Free-Standing Range: Yes
Washer/Dryer: Yes
W/D Hookup: Yes

Road Access Type

City Street: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Road Responsibility

City Maintained Road: Yes

Water Source

City Franchise: Yes
Master Meter: Yes

Sewer

Sewer - Public: Yes

Parking Features

Carport: Yes
>1 Space Per Unit: Yes
Paved: Yes

Electric

SRP: Yes
Individual Meter: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes
Landscaping: Yes
Pool Maintenance: Yes

New Financing

Cash: Yes
Conventional: Yes
No Carry: Yes
1031 Exchange: Yes

Existing 1st Loan Terms

Non Assumable: Yes

Existing 2nd Loan Type

Not Applicable: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: 13 - 24 Units Construction: Block Const - Finish: Painted Roofing: Other Floors: Tile; Vinyl Sale Includes: Land & Building; Laundry Equipment Community Features: No Pool Exterior Amenities: Desert Landscaping; Patio/Balcony Appliances Included: Free-Standing Range; Dishwasher; Microwave; Washer/Dryer; W/D Hookup Heating: Individual; Central Cooling: Ceiling Fan(s); Electric; Individual; Central Air Water Source: City Franchise; Master Meter Sewer: Sewer - Public Electric: SRP; Individual Meter Gas: None Parking Features: Carport; >1 Space Per Unit; Paved Road Access Type: City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Owner Pays: Water; Trash Collection; Landscaping; Pool Maintenance Tenant Pays: Electricity Source of Fincl Data: Owner Showing Notification Methods: Text Lockbox Type: None Existing 1st Loan Terms: Non Assumable Existing 2nd Loan Type: Not Applicable New Financing: Cash; Conventional; No Carry; 1031 Exchange Environmental: None

Listing Office: Marcus & Millichap

Last Updated: June - 24 - 2026